Top Year-End Tax Deductions for Small Business Webinar

Tax expert and best-selling authorÂ Barbara WeltmanÂ will discuss key, last-minute tax deductionsÂ small businesses can take before year-end.

Weltman is the featured guest expert in a new webinar, “Smart Deductions for Small Businesses,” sponsored byÂ DigiumÂ®, Inc., the AsteriskÂ® Company, provider of business phone systems and open source communications software.

The live webinar, followed by a brief Q&A session with Weltman, is on Thursday, December 5, 2013, atÂ 2 p.m. EST.

A small business cannot afford to miss an opportunity to save money. Yet one of the most common financial mistakes small businesses make is overlooking key, money-saving tax deductions.

As author of “J.K. Lasser’sÂ Small Business Taxes 2014” and “J.K. Lasser’sÂ 1001 Deductions & Tax Breaks 2014,” Weltman will discuss important year-end tax strategies and deductions, including Section 179, which is a tax deduction allowing businesses to write-off up toÂ $500,000Â in qualifying equipment purchases made in 2013. This special deduction is set to drastically decrease next year, making it imperative that businesses take full advantage of it in 2013.

“The Section 179 Tax Deduction is a deduction that can be particularly beneficial in helping businesses afford IT projects, such as replacing legacy phone systems with upgraded business communications solutions. Because some equipment can also be leased, it can mean an even greater total savings on year-end communications purchases,” saidÂ Leslie Conway, vice president of global marketing for Digium. “We’re pleased to have Barbara, a nationally recognized tax expert for small businesses, available to provide advice to our customers about these crucial year-end financial business strategies.”

Small and medium-sized businesses (SMBs) are invited to attend this information-packed live event to better understand Section 179 and other last-minute tax deductions that can result in big savings at year-end. Weltman will also be available for a brief question and answer session after presenting her tax tips.